NZDUSD is currently trading at 0.5704, consolidating between key technical levels. On the upside, the 100-day moving average at 0.57527 continues to trend lower and is approaching the current price. For buyers to gain control, the price needs to break above this level, which would shift the bias more bullish.

On the downside, the 200-bar moving average on the 4-hour chart at 0.56787 (see green line on the chart below) has provided strong support, stalling the decline for the second time this week. A break below this level would increase the bearish bias and signal further downside momentum.

Until a decisive breakout occurs, NZDUSD is likely to remain range-bound, with traders closely watching whether the price can push above the 100-day MA at 0.5757 for upside confirmation or fall below the 200-bar MA at 0.5678 to extend bearish momentum.